This report provides the Quarter 2 update at 30 September 2022 on the progress of the capital programme 2022/23 and the treasury management position.  A full schedule of the capital programme 2022/23 is attached at Annex A, together with the relevant update on progress of each scheme.

In accepting the recommendations, Cabinet will approve and recommend to Council the net increase of £70,228 in the capital programme to £21,643,093 and all expenditure movements as detailed in Annex B and also in the capital programme attached at Annex A of the report; the increase of capital expenditure of £70,228 funded from borrowing; and the funding allocation to the capital programme as detailed in paragraph 3.1 and 3.2 of the report.

The subject of the decision:

This report provided the Quarter 2 update at 30 September 2022 on the progress of the Capital Programme 2023/23 and the Treasury Management position.  A full schedule of the Capital Programme 2022/23 schemes was attached at Annex A of the report, together with the relevant update on progress of each scheme.

Alternative options considered:

None.

The reason for the decision:

To comply with the requirements of the Local Government Act 2003 and the Chartered Institute of Public Finance and Accountancy (CIPFA) Prudential Code and the CIPFA Treasury Management Code of Practice.

The decision:

That Cabinet approves and recommends to Council that:-

(1)    the net increase of £70,228 in the Capital Programme to £21,643,093 and all expenditure movements as detailed in Annex ‘B’ and also in the Capital Programme attached at Annex ‘A’ of the report be approved;

(2)    the increase of capital expenditure of £70,228 is funded from borrowing; and

(3)    the funding allocation to the Capital Programme as detailed in paragraphs 3.1 and 3.2 of the report be approved.